Created in partnership by the East-West Center in Washington, the US-ASEAN Business Council, and the ISEAS-Yusof Ishak Institute, ASEAN Matters for America/America Matters for ASEAN explores the important and multi-faceted relationship between the United States and the Association of Southeast Asian Nations (ASEAN) across diplomatic, strategic, economic, cultural, and social dimensions. This hallmark project provides a snapshot view of how the 10 member nations of ASEAN – Brunei, Cambodia, Laos, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – impact each of the 50 states and District of Columbia, including more than half a million jobs in the U.S. that are directly supported by our connections with ASEAN.
About the Report
In 2015, ASEAN formed the ASEAN Economic Community (AEC), which is collectively the third largest economy in the Indo-Pacific and the fifth largest economy in the world. ASEAN’s economy is projected to grow by over 5% per year to become the fourth largest economy in the world by 2030. It is also the United States’ fourth largest export market in the world. The United States exports over $122 billion in American-made goods to ASEAN annually, with all 50 states exporting to ASEAN and 29 states exporting over $1 billion each year. This generates and supports more than 625,000 American jobs and in 13 US states, ASEAN accounts for more than 20% of export-dependent jobs to the Indo-Pacific. ASEAN as a bloc also ranks as the third largest population in the world and has a combined GDP of $3.2 trillion. ASEAN is young: more than 380 million people in the region are under the age of 35, a number roughly 20 percent larger than the entire population of the United States.
Produced by the East-West Center, the US-ASEAN Business Council, and the ISEAS-Yusof Ishak Institute in Singapore, the 5th edition of ASEAN Matters for America/America Matters for ASEAN brings to light important facts and figures, including that:
For more than 35 years, the US-ASEAN Business Council has been the premier advocacy organization for U.S. corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN), serving as the leading voice of the U.S. private sector in promoting mutually beneficial trade and investment relationships between the United States and Southeast Asia.